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20121201
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out of business. largely because of competition with amazon. >> reporter: based in seattle, amazon was started in the mid'90s to sell books online. and for years made no profit. but it soon became clear that founder jeff bezos and his notoriously secret company had bigger plans. they started expanding in the late 1990s into videos, music, games, electronics, kitchenware, clothing, shoes, jewelry. business services, information storage. amazon turned the corner to profitability in 2002 and today, amazon is a $100 billion global company. and though bezos declined our request for an interview, he recently told "fortune" magazine's andy serwer -- >> our goal is to become the most customer obsessed company. is there someone doing some element better than we? how do we improve? >> online shopping is still only 10% of total retail. >> reporter: meaning amazon in all likelihood is just getting started. ben stein told me recently he has never seen a company dominate a market quite the way amazon is right now. this is a huge, huge story this holiday season. the big question, of course, is, w
think we can watch and see what happens in the state of washington, for instance, around seattle, and let the american government and let the american people does it cause a serious problem or not. all drugs were decriminalized in portugal ten years ago and the use of drugs has done gown dramatically and nobody put in prison. a few places around the world is good to experiment with and a few states in america are good to take the initiative and try something out. that's the way our country's developed over the last 200 year, by a few states being experiment stations. on that basis i'm in favor of it. >> making news there. also sat down with cnn founder ted turner and richard branson, we had a discussion on clean energy. we'll be rolling out the interviews and "cnn newsroom" in the days to come. tomorrow my interview with richard branson where he enters the political fray. >> i think if the republican party could change so that you know they were fiscally astute but really cared about the individual they cared as much about the gay person living in america, as the single mother, a
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in seattle, and people seemed to like it. so we wondered -- where else could we take this? ♪ for over 40 years, we've brought our passion for fine coffee and espresso to people everywhere. but one place was impossible, until now. our lattes, espresso and brewed coffee, now in your home from a machine like no other. and now $50 off through january 1st. the verismo® system, by starbucks. >>> welcome back to "the ed show." republican governors around the country are wasting their time, fighting obama care. even though the people voted for it twice. tennessee governor bill haslem said today his state would not be creating a state-run health insurance exchange. tennessee has now joined 20 other states refusing to participate in state-run health care exchanges. states opting out automatically default to an exchange run by the federal government. republican states don't like the exchanges. but the president said, well, wasn't even his idea. >> one of these reforms is the creation of the health insurance exchange. this is one of the most important reforms, and by the way, originally i should po
, there are already rumors now that amazon is setting up shop in seattle. so unconfirmed but lots of folks saying they're looking to make that move. what they are doing, amazon has the amazon locker. so if you're going to staples or radio shack, you might start seeing these giant lockers that say amazon locker. it allows people if they get something at home at amazon, they can pick it up, they get a confirmation e-mail, a number they type in and they'll get their object there. we're seeing that happen quite a bit. google just yesterday, they bought amazon's competitor, so you know, it's called bufferbot. and they bought this company, and they're looking to delve into this online/offline e-commerce base. >> are we going to be seeing more online stores going offline? is it that people want to try on things, hold things? because sometimes when i buy things online, then i have to return them which makes it a whole new step. if i can try something on, i'll know right away, for example. >> sure, that's why i think the lines blur. they'll send you five glasses so you pick out a line, and you can try them on
time. rains in the same spots it's been raining for days, like ten days. raining in parts of seattle down to portland. this is light rain at best. it gets worse than this. and it's going to be one mess for just the next day after day after day as we get one storm after another. here's the story now for today. this morning, it was dry. tonight, still dry. tomorrow morning, done. raining by 9:00 in the morning. northern california, rains all day and into wednesday. dries out on friday. let me zoom it out for you. we have a storm for tuesday. we have a storm for thursday. and another one back here for next saturday. that's four storms in ten days in a place that's already flooding. wolf? >> so what i hear you saying is that folks in northern california's wine country, they are by no means out of the woods? >> well, this would be a whole lot worse. had this backed up -- let's say this was august or september and this storm system came through, 2012 would have been wrecked. there would no wine at all. the grapes would have been popping, way too much rain late in the season makes wine thin
. both d.c. and seattle. >> clayton: and some of those investments, even in the d.c. area, we saw some investments in the outlying areas, but phoenix of course, vegas. investors coming in and buying up a lot of those properties down there, but how will the fiscal cliff affect investment going forward and maybe helping this recovery? because we're going to see a big increase in the capital gains taxes? >> that's right, it's going to have a bigger impact than i think analysts are predicting, maybe because they're numbers crunchers and not in the market. and fueling the momentum in the real estate markets, snapping up the foreclosure properties the last few years and the concern is they're going to be a little bit more conservative in their purchasing moving forward. and here is a really big thing to consider. consumer confidence is a huge driver in housing. and with this, all of this uncertainty of how much tax, people are going to be paying and what types of tax hikes people are going to be experiencing next year, i think the quarter one is it going to be a very conservative quarter for
Search Results 0 to 6 of about 7